Friday, March 05, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Mar05/2021-Fri

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS
TRADING: DIRECTION-TREND-TARGET-ACTIVITY-CLOSE-VOLATILITY(HI/LO PRICE RANGE).
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCK21): LIMIT $0.25/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.80MMT
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME:DOWN-LONG RANGE (302-574.4)
TRADING: MOVE FLAT-BELOW TREND-MAJOR SUPPORT@529-NET BUYING-INCREASED VOLATILITY. 
TARGETS: (507 (529-552) 575) COMMERCIALS: COVERED-NON COMMERCIALS: LIQUIDATED.

SOYS (ZSK21): LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.96MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG RANGE (791-1445.6).
TRADING: FLAT-BELOW TREND-MET SUPPORT@1407-NET BUYING-DECREASED VOLATILITY. 
TARGETS: (1370 (1407-1444) 1482) COMMERCIALS: COVERED-NON COMMERCIALS: LIQUIDATED.

WHEAT (ZWK21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 4.96MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM RANGE (387-693.0). 
TRADING: FLAT-MOVE-DOWN-ON TREND-MID(667-641)-NET SELLING-UNCHANGED VOLATILITY.
TARGETS: (693 (667-641) 615) COMMERCIALS: LIQUIDATED-NON COMMERCIALS: COVERED.

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: FLAT-LONG TERM RANGE-(6809-8295)
TRADING: DOWN-BELOW TREND-REPEATED SUPPORT@7842-BUYING
-DECREASED VOLATILITY.
TARGETS: (7754 (7842-7930) COMMERCIALS: SOLD SHORT-NON COMMERCIALS: ACCUMULATED

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